RBI Governor Presser Highlights: 27 March 2020

Here’s the highlights of RBI governor today MMC Meet 24 – 27 March 2020.

Highlights:

1. Repo Rate reduced by 75 basis points to 4.4%
2. Rev repo reduced by 90 basis points to 4.00%
3. GDP growth for Q4 19-20 and FY 20-21 to be affected.
4. Aggregate demand may weaken.
5. Future outlook uncertain and Negative.
6. CRR reduced by 100 basis points to 3.00% for 1 year to release 1.37 lakh crore.
7. Min daily CRR balance reduced from 90% – 80% till 30/06/2020.
8. 3.74 lakh crore liquidity injected.
9. 3 month moratorium on payment of installments of term loan outstanding.
10. Interest on WC facilities to be deferred by 3 months.
11. Such deferment not to be considered for NPA.
12. Revised DP calculations by reassessing WC cycle.
13. All measures not to effect credit history or CIBIL SCORE.
14. Total liquidity injection 3.4% of GDP.